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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) - CIK 0001846136 Riverview Acquisition Corp
6 Months Ended 11 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Class A ordinary shares subject to possible redemption

At June 30, 2022 and December 31, 2021, the Class A common stock reflected in the condensed balance sheets are reconciled in the following table:

Gross proceeds

    

$

250,000,000

Less:

Proceeds allocated to Public Warrants

 

(11,375,000)

Class A common stock issuance costs

 

(13,084,631)

Plus:

 

  

Accretion of carrying value to redemption value

 

24,459,631

Class A common stock subject to possible redemption, December 31, 2021

$

250,000,000

Plus:

 

  

Accretion of carrying value to redemption value

 

122,787

Class A common stock subject to possible redemption, June 30, 2022

$

250,122,787

At December 31, 2021, the Class A common stock reflected in the balance sheet are reconciled in the following table:

Gross proceeds

    

$

250,000,000

Less:

 

  

Proceeds allocated to Public Warrants

 

(11,375,000)

Class A common stock issuance costs

 

13,084,631

Plus:

 

  

Accretion of carrying value to redemption value

 

24,459,631

Class A common stock subject to possible redemption

$

250,000,000

Basic and Diluted Net Income (Loss) per Common Share

The following table reflects the calculation of basic and diluted net income (loss) per common share (in dollars, except per share amounts):

    

    

    

    

For the Period from

February 4, 2021

Three Months Ended

Three Months Ended

Six Months Ended

(Inception) through

June 30, 2022

June 30, 2021

June 30, 2022

June 30, 2021

Class A

    

Class B

Class A

    

Class B

Class A

    

Class B

Class A

    

Class B

Basic and diluted net loss per common stock

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Numerator:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Allocation of net loss, as adjusted

$

(8,447,152)

$

(2,111,788)

$

 

63

$

(8,309,212)

$

(2,077,303)

$

$

(8,413)

Denominator:

 

  

 

  

 

  

 

  

 

  

 

  

 

  

 

  

Basic and diluted weighted average shares outstanding

 

25,000,000

 

6,250,000

 

 

6,250,000

 

25,000,000

 

6,250,000

 

 

6,250,000

Basic and diluted net loss per common stock

$

(0.34)

$

(0.34)

$

 

$

(0.33)

$

(0.33)

$

$

The following table reflects the calculation of basic and diluted net income per common share (in dollars, except per share amounts):

For the Period from February

4, 2021 (Inception) through

December 31, 2021

    

Class A

    

Class B

Basic and diluted net income per common stock

 

  

 

  

Numerator:

 

  

 

  

Allocation of net income, as adjusted

$

3,659,168

$

2,007,460

Denominator:

 

  

 

  

Basic and diluted weighted average shares outstanding

 

11,392,405

 

6,250,000

Basic and diluted net income per common stock

$

0.32

$

0.32